K-Bro Linen Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020
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K-Bro Linen Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was CAD 51.439 million compared to CAD 67.842 million a year ago. Net income was CAD 3.442 million compared to CAD 4.669 million a year ago. Basic earnings per share from continuing operations was CAD 0.33 compared to CAD 0.44 a year ago. Diluted earnings per share from continuing operations was CAD 0.32 compared to CAD 0.44 a year ago. For the nine months, sales was CAD 146.234 million compared to CAD 189.518 million a year ago. Net income was CAD 1.647 million compared to CAD 8.711 million a year ago. Basic earnings per share from continuing operations was CAD 0.16 compared to CAD 0.83 a year ago. Diluted earnings per share from continuing operations was CAD 0.15 compared to CAD 0.82 a year ago.
K-Bro Linen Inc. is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and textile rental services in Scotland and the Northeast of England. The Company and its wholly owned subsidiaries operate across Canada and the United Kingdom, providing a range of linen services to healthcare institutions, hotels and other commercial accounts that include the processing, management and distribution of general linen and operating room linen. It operates through two divisions. Canadian division provides laundry and linen services to the healthcare and hospitality sectors through 10 operating divisions located in Vancouver, Victoria, Calgary, Edmonton, Regina, Toronto, Montreal, and Quebec City. UK division provides laundry and linen services primarily to the hospitality sector, with other sectors, including healthcare, manufacturing and pharmaceuticals, through four sites which are located in Perth, Newcastle, Livingston and Coatbridge.
K-BRO LINEN INC. 
